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| List Price: |
$2,000,000 |
| Bedrooms: |
3 |
| Full Bathrooms: |
4 |
| Half Bathrooms: |
0 |
| Square Footage: |
3200 |
| Property Type: |
Commercial Property |
| MLS#/Listing ID: |
761Azte |
| Express Listing: |
2563398 |
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Description
Kipp’s Mini Storage 761 Aztec Circle Mesquite, Nevada 89027 • 152 self storage units • 26,050 square feet of rentable space • Gated entrances • All single story drive up units • Close in, high traffic, high density residential area • Explosive residential growth area • 14,000 platted and approved future home building sites, includes Sun City Mesquite 3200 square foot resident manager quarters with spectacular mountain views, 3 bedroom 4 bath plus shop and garage. History of very low vacancy rates. The owner currently rents 20 plus units to himself and will vacate these at close of escrow. Annual gross income $117,950 (.22 per square foot) 2007 actual rental, many units have not had rent increases in years. Pro forma numbers at .80 per square foot (fair market value) will bring gross to $250,080 annually. Priced at $2,000,000 The owner and occupant of the 3200 residential building does not charge himself for use of the residence, fair market value for rent should be considered at $1200.00 per month. He currently rents 20 plus units to himself and will vacate these upon close of escrow.
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